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  3. stone commenced business as a company under the na

Stone commenced business as a company under the name of 'StoneBuild', and the business has...

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Accounting

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Stone commenced business as a company under the name of 'StoneBuild', and the business has provided the following accounts and their closing balances (adjusted for the year ended 30th June 2021: StoneBuild As at 30 June 2021 Accounts DR ($) CR ($) 200,000 Capital Property, plant and equipment (PPE) 660,000 GST Paid 25,000 Accounts payable 93,000 Accounts receivables 68,000 Cash at bank 97,000 Unearned revenue 30,000 Long-term debt (due in 7 years) 200,000 GST Collected 34,000 Inventory 81,000 Accumulated depreciation - PPE 190,000 Required: Prepare a fully classified Statement of Financial Position (Balance Sheet) as at 30 June 2021. (8 Marks) Accumulated profit as at 30 June 2021 was $184,000

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